New Jersey Average Home Price by City (2026)

The average home price in New Jersey (NJ) is about $579,000 — the 2026 median, at ~$324/sq ft — 97% more expensive than the typical U.S. home.

$579,000
New Jersey median value
$324
Median price / sq ft
~1,790
sq ft a median budget buys
+97%
vs U.S. median
Paterson — $543,000PatersonNewark — $496,000NewarkTrenton — $360,000TrentonJersey City — $660,500Clifton — $611,500Elizabeth — $514,000Toms River — $439,500Toms River

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to New Jersey?

Housing in New Jersey is 97% more expensive than the national average, with a typical home around $579,000 and a local rate near $324 per square foot. Among the 12 New Jersey cities we track, Jersey City is the most expensive (median $660,500) and Camden is the most affordable (median $128,000) — so where you land in the state matters as much as the state itself.

Browse New Jersey cities

Jersey City$660,500Clifton$611,500Edison$569,000Paterson$543,000Elizabeth$514,000Plainfield$503,000Newark$496,000Cherry Hill$470,000Toms River$439,500Trenton$360,000Ewing$317,000Camden$128,000

See the cheapest (and most expensive) places to live in New Jersey.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in New Jersey

To buy the typical $579,000 home in New Jersey with 20% down, you need a household income of roughly $158,000 a year (about $3,680 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $187,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$29,000$4,570/mo$196,000/yr
10% (+PMI)$57,900$4,370/mo$187,000/yr
20%$115,800$3,680/mo$158,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in New Jersey

At about $324 per square foot, here is roughly how much home different budgets get you in New Jersey:

BudgetApprox. sizeWhat that looks like locally
$300k930 sq ftbelow the local median — condos, smaller or older homes
$400k1230 sq ftbelow the local median — condos, smaller or older homes
$500k1540 sq ftaround the typical home here
$600k1850 sq ftaround the typical home here
$750k2310 sq ftaround the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New Jersey so you can compare your current home against every New Jersey city we track.

New Jersey home prices: frequently asked

What salary do you need to buy a house in New Jersey? +
For the typical $579,000 home in New Jersey, a household income of about $158,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $187,000; with 5% down about $196,000.
What is the average home price in New Jersey? +
The average home price in New Jersey is about $579,000 as of 2026, at roughly $324 per square foot — 97% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in New Jersey (NJ)? +
About $579,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $324/sq ft, a median budget in New Jersey buys roughly 1,790 sq ft of home.
Where is New Jersey most and least expensive? +
Among the 12 New Jersey cities tracked here, Jersey City is the priciest (median $660,500) and Camden is the most affordable (median $128,000). ZIP-level prices within one city vary further, so check the city page for your area.